Miller Howard Investments Inc. NY Purchases 22,898 Shares of National Grid Transco, PLC $NGG

Miller Howard Investments Inc. NY boosted its position in shares of National Grid Transco, PLC (NYSE:NGG) by 23.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 120,490 shares of the utilities provider’s stock after acquiring an additional 22,898 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in National Grid Transco were worth $10,193,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Root Financial Partners LLC boosted its position in National Grid Transco by 88.2% in the fourth quarter. Root Financial Partners LLC now owns 318 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 149 shares during the last quarter. Johnson Financial Group Inc. purchased a new stake in shares of National Grid Transco during the 3rd quarter valued at about $25,000. Cullen Frost Bankers Inc. increased its position in shares of National Grid Transco by 88.0% during the 4th quarter. Cullen Frost Bankers Inc. now owns 346 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 162 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new position in shares of National Grid Transco in the 3rd quarter worth approximately $28,000. Finally, Hilton Head Capital Partners LLC bought a new position in shares of National Grid Transco in the 4th quarter worth approximately $34,000. Institutional investors own 4.68% of the company’s stock.

National Grid Transco Trading Up 0.9%

NYSE NGG opened at $81.66 on Wednesday. National Grid Transco, PLC has a 52 week low of $67.51 and a 52 week high of $94.64. The company has a quick ratio of 0.71, a current ratio of 0.76 and a debt-to-equity ratio of 1.09. The stock’s 50-day moving average price is $84.52 and its 200-day moving average price is $84.26.

National Grid Transco Dividend Announcement

The company also recently declared a dividend, which will be paid on Thursday, July 23rd. Shareholders of record on Friday, May 29th will be issued a dividend of $2.1738 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a yield of 533.0%.

Wall Street Analysts Forecast Growth

NGG has been the topic of a number of research reports. Zacks Research downgraded shares of National Grid Transco from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. Jefferies Financial Group reiterated a “hold” rating on shares of National Grid Transco in a research report on Wednesday, March 18th. Deutsche Bank Aktiengesellschaft cut shares of National Grid Transco from a “buy” rating to a “hold” rating in a research note on Monday, June 8th. Weiss Ratings reissued a “hold (c)” rating on shares of National Grid Transco in a research report on Tuesday, April 21st. Finally, Citigroup restated a “neutral” rating on shares of National Grid Transco in a research note on Tuesday, April 28th. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $85.50.

National Grid Transco Profile

National Grid Transco (NYSE: NGG) is a utility company focused on the transmission and distribution of electricity and natural gas. The company builds, owns, operates and maintains large-scale energy infrastructure, including high-voltage electricity transmission lines, electricity distribution networks and high-pressure gas pipelines. Its core activities center on providing safe, reliable delivery of energy to residential, commercial and industrial customers while meeting regulatory requirements across its service territories.

Services provided by National Grid Transco encompass network operation and maintenance, system balancing and control, metering and connections, and capital investment in grid modernization and reliability projects.